SPI Daily 20th October 2010 recap

Trend guide 4630-4633

Support Weekly lows @ 4583-4591



SPI Weekly and Daily range

Early push down and break of the 5-day lows @ 4630, but we have a similar pattern as a couple of weeks ago, when the Weekly lows  supported the market.

Any further weakness will depend on the price action in the S&P 500, as it pushes down from 1182

As per Weekly report, there is a larger trend guide and support level in the SPI @ 4582